Global High Intensity Discharge (HID) Bulbs Market Size and Forecast 2024-2033|Acuity Brands Lighting Inc., Lithonia Lighting, Bulbrite Industries Inc., Contrac Lighting, Crompton Greaves Ltd

The High Intensity Discharge (HID) Bulbs Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s High Intensity Discharge (HID) Bulbs Global Market Report 2024, The high intensity discharge (HID) bulbs market size has declined steeply in recent years. It will decline from $3.51 billion in 2023 to $3.02 billion in 2024 at a compound annual growth rate (CAGR) of -13.9%. The decline in the historic period can be attributed to limited color options, warm-up time, mercury content, maintenance costs.

The high intensity discharge (HID) bulbs market size is expected to see steep decline in the next few years. It will decline to $1.54 billion in 2028 at a compound annual growth rate (CAGR) of -15.5%. The decline in the forecast period can be attributed to energy efficiency standards, market competition, dimming compatibility, technological obsolescence, environmental regulations. Major trends in the forecast period include transition to led, smart lighting control, custom spectrum lighting, improved lumen output, sustainability and recycling.

Rising demand for bulbs with high luminaire values is driving the high-intensity discharge bulb market. High-intensity discharge bulb (HID) headlamps provide more high-intensity light on the road than traditional halogen headlamps. HID headlamps provide a cool white color at a temperature of 4,500 Kelvin, compared to yellowish halogen headlamps at 3,200 Kelvin. Furthermore, HID lamps illuminate a larger area compared to halogen headlights.

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The high intensity discharge (hid) bulbs market covered in this report is segmented –

1) By Product Type: Metal Halide Light, High-Pressure Sodium Light, Xenon Arc Light, Other Product Types

2) By Application: Industrial, Agriculture, Medical, Other Applications

3) By Distribution Channel: OEM, Aftermarket

Sub-Segments- By Mode: Online, Offline

The high intensity discharge (hid) bulbs market report table of contents includes:

1. Executive Summary

2. High Intensity Discharge (HID) Bulbs Market Characteristics

3. High Intensity Discharge (HID) Bulbs Market Trends And Strategies

4. High Intensity Discharge (HID) Bulbs Market – Macro Economic Scenario